by Arthur Geffen | Mar 21, 2016 | Estate Planning, Trusts
Bypass trusts, or B trusts, have long been used as a strategy to help families avoid estate taxes. But with recent changes in income tax and estate tax rates, in many cases B trusts now trigger substantially higher capital gains taxes for beneficiaries or heirs...
by Arthur Geffen | Mar 15, 2016 | Estate Planning
Joe has an estate plan that was completed 15 years ago. Now 66 years old and considering retirement, he recently reviewed the plan and found he was not comfortable with it. It includes a typical A/B trust for him and his wife Mary (age 64) and an irrevocable...
by Arthur Geffen | Mar 8, 2016 | Misc
OMG- WHAT’S A LAWYER TO DO AFTER A HARD DAY AT THE OFFICE! Whisky distilleries say Scotch’s crazy popularity is now too much of a good thing. Sales of just single malts alone practically tripled in America between 2002 and 2015, and demand has grown in Asia to...
by Arthur Geffen | Mar 7, 2016 | Income Tax
Like Most Americans during this time of year, you’re either highly anticipating that hefty income tax return check for 2016 (or received it already if you were really eager), or scrambling to get it filed still if you’re more of a “I’ll-get-it-done-tomorrow”...
by Arthur Geffen | Mar 2, 2016 | Income Tax
Tax season is upon us, and if you’re staring at a pile of unfamiliar forms that have you scratching your head, then it’s probably time to call in reinforcements. Approximately 60 percent of taxpayers turn to a tax professional to help prepare their...
